Page 29 - Collection Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The ARPA and COBRA The recently enacted American Rescue Plan Act of 2021 (ARPA) requires employers to pay 100% of the premiums required under the Consolidated Omnibus Budget Reconciliation Act (COBRA) for employees who are enrolled, or will enroll, in COBRA continuation coverage from April 1, 2021, through September 30, 2021. Employers can be reimbursed for the premium subsidy through a payroll tax credit, for which there is no income cap. In addition, the ARPA extends the COBRA election period and grants a second opportunity to elect COBRA continuation coverage for those qualified individual...

On May 25, 2021, both houses of the Illinois General Assembly approved an amendment to the State’s Wage Payment and Collection Act (“the Act”).  The change would require employers who violate the Act to pay damages of 5% of the amount of any underpayment of wages, compensation, or wage supplements for each month following the date of payment during which the amount(s) owed remain unpaid.  This represents a 150% increase to the penalty, as the statutory rate before this amendment was 2%.  The measure will take effect immediately upon signature by Governor J.B. Pritzker. The Act cover...

Chicago Mayor Lori Lightfoot introduces Ordinances would amend the Chicago Municipal Code to provide that any employer that fails to timely pay a Covered Employee in accordance with the Illinois Wage Payment and Collection Act

Employers who violate the Illinois amendment to the State’s Wage Payment and Collection Act to pay damages of 5% of any underpayment of wages, compensation, or wage supplements, to employees as defined by the federal Fair Labor Standards Act FLSA.

UFT Commercial Finance, LLC v. Fisher , No. 20-2012 (7th Cir., March 23, 2021) Brief Summary The Seventh Circuit affirmed the dismissal of a legal malpractice action filed by UFT Commercial Finance, LLC against the company's former chief legal officer because the company failed to show that the attorney had proximately caused the damages alleged. Complete Summary Plaintiff, UFT Commercial Finance, LLC (UFT), filed a legal malpractice action against the defendant, its former chief legal officer. The action followed an arbitration between UFT and the defendant wherein the defendant was awarded ...